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Welcome to Unit 1F at 338 Prospect Place—a smartly designed studio condo that combines comfort, functionality, and a prime Brooklyn location. Tucked into the vibrant and tree-lined streets of Prospect Heights, this ground-floor home offers a peaceful retreat with all the perks of city living. Step inside to find a thoughtfully laid-out two-room studio that makes the most of its space. Whether you're curling up with a book, hosting friends, or working from home, the layout supports your lifestyle without the clutter. There is even walk-in closet. The separate kitchen features a gas stove and oven—perfect for whipping up your favorite meals—while the full bathroom offers modern convenience in a streamlined design. This midrise building blends privacy with community living, offering a range of amenities that elevate daily life. Enjoy your morning coffee in the serene common courtyard or unwind with skyline views from the shared roof deck. A full-time doorman provides peace of mind and a welcoming presence, while the voice intercom system adds another layer of security. Practical features include in-unit laundry, access to a building-wide laundry room, and a dedicated bike storage area—everything you need for effortless urban living. Just steps from Prospect Park, the Brooklyn Museum, local cafes, and multiple train lines, Unit 1F is your opportunity to own a piece of one of Brooklyn’s most sought-after neighborhoods. Whether you're a first-time buyer, an investor, or looking for the perfect pied-à-terre, this charming studio is a must-see. Come home to Prospect Heights—where culture, convenience, and comfort meet.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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Our Executive Mortgage Banker:
Our Insurance Division:
$425,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,930 | $2,036 | $2,756 |
| Total Monthly Payment | $2,005 | $2,111 | $2,831 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.